Adams Natural Resources Fund (NYSE:PEO) Sees Strong Trading Volume – Still a Buy?

Adams Natural Resources Fund, Inc. (NYSE:PEO) saw unusually-strong trading volume on Wednesday . Approximately 78,227 shares changed hands during trading, a decline of 30% from the previous session’s volume of 111,393 shares.The stock last traded at $26.74 and had previously closed at $27.80.

Adams Natural Resources Fund Price Performance

The company’s 50-day simple moving average is $25.92 and its two-hundred day simple moving average is $23.20.

Adams Natural Resources Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Monday, January 26th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Monday, January 26th.

Institutional Trading of Adams Natural Resources Fund

Several hedge funds have recently bought and sold shares of PEO. Highline Wealth Partners LLC bought a new position in shares of Adams Natural Resources Fund in the third quarter worth about $32,000. Global Retirement Partners LLC bought a new position in shares of Adams Natural Resources Fund during the 4th quarter valued at approximately $35,000. Comerica Bank grew its stake in shares of Adams Natural Resources Fund by 38.1% during the 1st quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 513 shares during the period. Advisory Services Network LLC purchased a new stake in Adams Natural Resources Fund in the 3rd quarter worth approximately $48,000. Finally, Geneos Wealth Management Inc. raised its stake in Adams Natural Resources Fund by 45.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 801 shares during the period. Institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.